Specification points
WJEC A-level Economics 1520QS
36 points in 2 topics, with WJEC's codes and titles.
Codes and titles are read by a script from WJEC's published specification and have not been checked by a person. What each point covers is in the specification itself: WJEC’s specification.
AS AS content (Units 1 and 2)
- AS.1 Microeconomics
- AS.1.1 Scarcity and choice
- AS.1.2 Demand and supply in product markets
- AS.1.3 Demand and supply in labour markets
- AS.1.4 Resource allocation
- AS.1.5 Market failure
- AS.2 Macroeconomics
- AS.2.1 Macroeconomic theory
- AS.2.2 Macroeconomic objectives
- AS.2.3 Policy instruments
- AS.2.4 Fiscal policy
- AS.2.5 Monetary policy
- AS.2.6 Exchange rates and exchange rate policy
- AS.2.7 International trade
A2 A level content (Units 3 and 4)
- A2.1 Microeconomics
- A2.1.1 Costs, revenues and profits
- A2.1.2 Market structures
- A2.2 Macroeconomics
- A2.2.1 Macroeconomic theory
- A2.2.2 Macroeconomic objectives
- A2.2.3 Economic growth
- A2.2.4 Unemployment
- A2.2.5 Inflation and deflation
- A2.2.6 The balance of payments
- A2.2.7 Policy instruments
- A2.2.8 Fiscal policy
- A2.2.9 Control of the national (public sector) debt
- A2.2.10 Monetary policy
- A2.2.11 Exchange rates and exchange rate policy
- A2.2.12 Supply Side Policies
- A2.3 Global economics
- A2.3.1 International trade
- A2.3.2 Non-UK economies
- A2.3.3 Economic development